EV Battery and Supply Chain Have Substantial Economic Development Incentive Opportunities
EV companies considering a supply chain investment need to negotiate for economic development incentives. All states will use economic development incentives to attract EV suppliers but Ohio offers a worthy model for review. Ohio offers extended local property tax abatements and Tax Increment Financing (TIF), construction materials sales tax exemptions, and special state economic development […]
Electric Vehicle Supply Chain a Major Focus for 2024 Corporate Site Location Decisions
While the location of large-scale EV battery production facilities may slow in 2024, the development of the EV battery supply chain for existing EV battery facilities will not. As the map of the EV Battery Belt from the Federal Reserve Bank of Dallas illustrates, EV battery facilities have been announced and are developing across the […]
Skilled Workforce Pool is Central to Attracting EV Industry Growth
Workforce development still matters when it comes to attracting Electric Vehicle (EV) battery production and suppliers. A two percent drop in the U.S. civilian labor participation rate driven by the expedited retirement rates of the Baby Boom generation spurred by COVID-19 keeps the availability of skilled workers a central issue for companies with existing and […]
Site Requirements a Prime Consideration for the Corporate Site Location of the Electric Vehicle Industry
Situated at the forefront of innovation, the Midwest emerges as a strategic hub for the electric vehicle (EV) industry. Boasting a rich automotive manufacturing legacy and proximity to the largest fresh surface water system on earth (Great Lakes), the region provides an ideal environment for companies venturing into electrification manufacturing. The LG EV facility offers […]
Montrose Group Guides Two Clients to TMUD Tax Credit Success
The Ohio Tax Credit Authority on January 29, 2024, granted a Transformational Mixed Used Development (TMUD) state tax credit to two Montrose Group clients for redevelopment of the Ohio Building in Sidney, Ohio which was awarded $998,562 in a TMUD tax credit and the Thompson Building in East Liverpool which was awarded $212,950 in a […]
Ohio Primary Election Ballot Set Illustrating Republican Battles Ahead
After ringing in the new year, Ohio is also kicking off the 2024 election cycle and racing towards the March 19 primary. This year’s primary not only features the nomination to determine which candidates will represent their party for President of the United States, and who will go up against Senator Sherrod Brown for Ohio’s […]
Housing will be a major 2024 Ohio Policy Topic
Housing will see a rise as a major policy issue in 2024 as rising interest rates impact the development of housing that has struggled to keep pace with increasing economic investment. The availability of housing impacts a company’s decision to grow as a 1.5% drop-in US labor participation rate after COVID is making the recruitment […]
Montrose Group 2024 Ohio Corporate Government Relations Top 10 Trends
Three decades worth of public service and lobbying in the state of Ohio provides the Montrose Group leadership with deep insight into the policy and lobbying issues facing the state of Ohio in 2024. To summarize those challenges and opportunities, the Montrose Group has created a 2024 Ohio Corporate Government Relations Top 10 Trends analysis […]
Attacking the Doom Loop in Six Challenging Steps
Attacking the decline of office vacancies needs to be done sooner rather than later to prevent a substantial negative impact on office towers and the communities they serve known as the Doom Loop. Impact of Doom Loop. The negative impact on Downtown office tower or suburban office park vacancy rates, commercial property values, sales/hospitality taxes, […]
Local and State Taxes to Take a Hit if Doom Loop is not Stopped
Rising office vacancy rates are a reality as are dropping rents as office buildings compete for fewer and fewer customers. Local and state taxes connected to these buildings and workers will take a hit with the reduction in office values and loss of workers to Work From Home and Artificial Intelligence. While it is too […]
